Russian forces seized the southern city of Kherson and besieged other cities, with casualties and destruction mounting, as Western sanctions tightened their vise grip on Russia’s economy.
Tag: Ruble (Currency)
Ukrainian Invasion Adds to Chaos for Global Supply Chains
Russia’s military incursion is severing key supply chains and setting off a scramble among global companies to comply with new sanctions.
A Bad Start for Russia
But many experts are worried about what happens next.
Russians Face Sanctions and Anxieties of a Costly War
The ruble plunged, the stock market was shuttered and foreign investors shed holdings in Russian companies, deepening the concern among citizens who had become accustomed to the perks of globalization.
Russian Forces Hit Harder in Ukraine After a Fumbled Start
After days of miscalculation about Ukraine’s resolve to fight, Russian forces are turning toward an old pattern of opening fire on cities and mounting sieges.
Russia’s Stock Market Closes and Ruble Crashes as Sanctions Hit
The hectic moves were the first signs that Western sanctions were shaking the foundations of Russia’s economy.
The Ruble Dropped to Record Levels Against Dollar
The ruble dropped to record lows against the dollar, stirring fears of inflation and bank runs, and the central bank raised a key interest rate sharply.
Russia’s War With Ukraine Is Already Costing Russian Economy
Despite the Kremlin’s efforts to obscure the offensive in Ukraine, the costs of the war were already evident in both economic and social turmoil.
Biden Hits Russia With Broad Sanctions for Putin’s War in Ukraine
The penalties will affect Russia’s biggest banks, its weapons industry, its largest energy company and families close to President Vladimir V. Putin. The country’s stock market has plummeted.
How Putin Has Prepared Russia’s Economy for Sanctions
Since paying the price for annexing Crimea in 2014, Russia has tried to make its economy sanctions-proof, hoarding currency to insulate the country.